Legal Issues

by Mike Masnick


Filed Under:
appeal, ideas, winklevoss

Companies:
connectu, facebook



Winklevi Won't Give Up; Appealing The Ruling That They Have To Accept 'Just' $160 Million

from the drop-it,-guys dept

Incredible. After being told to shut up and take their $160 million from Facebook, the Winklevoss twins are apparently still planning to appeal the ruling from the 9th Circuit. They're filing for an en banc hearing (basically asking all of the judges on the court to rehear the case, rather than the typical panel of three). On issues where there is some disagreement among the judges you'll see en banc hearings. Frankly, I'd be pretty surprised if the 9th Circuit is willing to rehear this case. And, at that point, their only resort will be to appeal to the Supreme Court, who I really doubt would find this a pressing matter of Constitutional importance. What's amazing to me is how much these guys seem to be hurting their own reputations here. Seriously, take the $160 million or so and move on.

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  • identicon
    Javataur, 12 Apr 2011 @ 4:38am

    Hmmmm, don't suppose if they keep this up they can lose the money? Be kinda fair, don't you think?

    reply to this | link to this | view in chronology ]

  • icon
    Richard (profile), 12 Apr 2011 @ 4:39am

    The did

    They took the 160 million and moved on. Unfortunately their hobby (financed by the 160 million) is lawsuits.

    reply to this | link to this | view in chronology ]

  • icon
    Planespotter (profile), 12 Apr 2011 @ 5:00am

    Dear Winklies,

    You had a business that failed, you sued a competitor claiming he stole your business idea, rather than take it all the way in court you accepted a cash/share payoff. You cannot go back and say you want more money. Please take the millions you didn't warn through hard work and go spend it on whatever it is that floats your collective boats.

    Lot of love,

    The Internet xxx

    reply to this | link to this | view in chronology ]

  • icon
    Jay (profile), 12 Apr 2011 @ 5:12am

    Winklevi Lawsuit method

    Patent pending...

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 12 Apr 2011 @ 5:34am

    I loled when I read the initial article on cnn and the only included a picture of one of the Winklevi.

    reply to this | link to this | view in chronology ]

  • icon
    mike allen (profile), 12 Apr 2011 @ 5:48am

    160 million for nothing?????????????
    someone tell me who their lawyer is (sarc)

    reply to this | link to this | view in chronology ]

  • icon
    sumquy (profile), 12 Apr 2011 @ 6:11am

    why should they just "take the $160 million or so and move on"?
    facebook was their idea before zuckerburg came along and stole it. they spent hours coming up with and perfecting the perfect model for a social networking service, only to see zuckerburg come along and open a real website and service, without any kind of payment or license to them. the evidence clearly shows that they were talking about starting some kind of social networking service at some point in the future, or they could have sold that idea to a venture capitalist firm, or just held on to it until a more opportune moment. zuckerburgs' actions clearly devalued the market for their idea, and as such they should receive all the moneys earned from facebook, and not just whatever crumbs that idea thief chooses to give them.

    reply to this | link to this | view in chronology ]

  • identicon
    NullOp, 12 Apr 2011 @ 6:38am

    fBook

    There is a really big gap between an idea and execution of the idea. If ideas were real property then everyone would be documenting their ideas and waiting to spring a lawsuit on whoever has the same idea and executes it successfully a.k.a. the Trapdoor Spider theory.

    The fact is Zuckerberg and the Winklevoss Twins, WT, were on a collision course with their ideas. Even if the WT hadn't approached Zuckerberg this suit may very well have happened anyway. The WT should take their 160M and do something constructive rather than beat this dead-horse any longer.

    reply to this | link to this | view in chronology ]

    • identicon
      bjupton, 12 Apr 2011 @ 9:11am

      Re: fBook

      Do something constructive? For all I care, they can take their money and spend it all on cocaine and high priced hookers.

      Just be quiet about it. :)

      reply to this | link to this | view in chronology ]

  • icon
    Tom Landry (profile), 12 Apr 2011 @ 6:44pm

    These are petulant little rich boys who never have, nor ever will want for anything in their gilded lives. The money means nothing to them, they want the glory of having people think that THEY are the creators of Facebook. Nothing less will do.

    reply to this | link to this | view in chronology ]

  • identicon
    TN, 13 Apr 2011 @ 8:46am

    "Seriously, take the $160 million or so and move on."

    I'm fantasising about a situation where someone would have to say this to me.

    *sigh*

    reply to this | link to this | view in chronology ]


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